But you'll hear a different theory if you ask someone else.
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Price growth shows no sign of letting up in Toronto.
TD Bank sees a possible "soft landing."
Owners can be forgiven for thinking they’ve won a real estate lottery.
Even homeowners are scared of the high prices out there.
Toronto house prices jump 12% in a year.
Canada's most dynamic cities are attracting talent and money, driving up house prices.
Real estate agent Matthew Pringle said the owners are just putting the $1 price out there to see what kind of potential it has.
Even with the loonie's drop, Canadian houses are pricey by global standards.
The party will end in the Toronto and Vancouver housing markets this year, TD Bank says in a new report.
It's a party many say has gotten too rowdy...
If this keeps up, it will cost $1.46 million to buy an average single-family home in the 905 by 2021.
Average selling price for all properties headed for $665,000.
Prices this year could be "less frothy."
Prices have outpaced job and wage growth, realtor notes.
"Demand for ownership housing is expected to remain very strong in 2016."
Affordability in Toronto worst since early 1990s
Vancouver home sales soar 40%
PIMCO sees '20% negative return' on housing in next 5 years
Toronto has the highest housing prices in relation to its rental rates in a new list comparing 26 other housing markets across the world, according to...
'Two housing markets' in Canada
Toronto, Vancouver see nearly 10% price gain
Housing bubble? Canada can handle it, Ben Bernanke says
Canada’s hottest housing markets kept up a frenzied pace of activity in October, even as new numbers from RBC showed consumer debt loads reaching ye...
Forget working. The real way to accumulate wealth is to buy a single-family house in Toronto, and wait.
OK, that’s bad advice. But given what’s...
New condo prices haven’t grown in a year
Low-rise home prices turned downward in August
Lack of supply the main factor, BILD says
For comparison, the property was sold for $750,000 in 2005.
If Canada is in a recession, as some economists now say, you certainly wouldn’t know it by looking at Toronto’s red-hot housing market.
And if ...
The bank predicts that rate hikes from the central bank, which is expected to raise its trend-setting overnight interest rate next year, are likely to erode affordability.
Upgrading from a condo to a single-family house in Greater Toronto just got $100,000 more expensive.
In May of last year, the price difference betw...
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